Graybug Vision (NASDAQ:GRAY) Trading Up 2.3% – What’s Next?

Graybug Vision, Inc. (NASDAQ:GRAYGet Free Report) shares were up 2.3% during trading on Monday . The company traded as high as $3.10 and last traded at $3.08. Approximately 15,997 shares traded hands during mid-day trading, an increase of 639% from the average daily volume of 2,165 shares. The stock had previously closed at $3.01.

Graybug Vision Price Performance

The firm has a 50-day moving average of $3.10 and a 200-day moving average of $2.25. The stock has a market cap of $4.84 million, a PE ratio of -1.78 and a beta of 1.20.

Graybug Vision Company Profile

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Graybug Vision, Inc, a clinical-stage biopharmaceutical company, focuses on the development of medicines for the treatment of diseases of the retina and optic nerve. The company's lead product candidate is GB-102, an intravitreal injection of a microparticle depot formulation of sunitinib that is in Phase I/IIa and IIb clinical trials for the treatment of wet age-related macular degeneration, as well as in Phase IIa clinical trial to treat diabetic macular edema.

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